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8-K - FORM 8-K - Park Sterling Corp | c14246e8vk.htm |
Exhibit 99.1
Press Release
Park Sterling Corporation names Jean Davis to its Board of Directors
Charlotte, NC March 10, 2011 Park Sterling Corporation (NASDAQ: PSTB), the holding company
for Park Sterling Bank, announced today that Jean E. Davis has been appointed to its Board of
Directors. As a senior executive with Wachovia Corporation for more than 20 years, Ms. Davis was
Senior Executive Vice President for Operations, Technology and eCommerce from 1999 until 2006.
During her career with Wachovia, she was head of human resources and served as merger coordinator
when Wachovia acquired two Virginia banks. She was a member of the Financial Services Roundtable
from 2000 to 2006 and on the Board of the New York Clearing House.
Jean is an outstanding addition to Park Sterlings Board of Directors. Her strong operations,
human resource and merger integration expertise compliments the strong skill set and background of
our current directors. In addition, Jean has considerable experience in the North Carolina banking
sector where she has held various senior banking roles, including corporate lender, City Executive
and Regional Executive. As we continue to execute on our strategy of building a banking franchise
across the Carolinas and Virginia through external growth, Jean will bring immense value and
guidance in her role as a director, said James C. Cherry, Park Sterlings Chief Executive Officer.
Ms. Davis currently serves as chair of the Board of Trustees for United Family Services, a
Charlotte based health and human services nonprofit agency. She is a member of the Board of
Trustees for the University of North Carolina in Greensboro, NC, and for Charlotte Latin School in
Charlotte, NC. She also serves as chair of the Camping Services Board for the Greater Charlotte
YMCA.
Ms. Davis received a B.S. in Political Science and Industrial Relations from the University of
North Carolina in Chapel Hill and a M.B.A. from Duke University.
About Park Sterling Corporation
Park Sterling Corporation is the holding company for Park Sterling Bank, headquartered in
Charlotte, North Carolina. The Banks primary focus is to provide banking services to small and
mid-sized businesses, owner occupied and income producing real estate owners, professionals, and
other customers doing business or residing within its target areas. Park Sterling Bank is
committed to building a banking franchise across the Carolinas and Virginia that is noted for sound
risk management, superior client service and exceptional client relationships. For further
information, visit www.parksterlingbank.com. Park Sterlings shares are traded on NASDAQ under the
symbol PSTB.
Contact:
Jim Cherry, CEO
Park Sterling Bank
704 323 4300
jcherry@parksterlingbank.com
Park Sterling Bank
704 323 4300
jcherry@parksterlingbank.com
Charlotte Laurent-Ottomane
Nvestcom
561 395 4581
charlotte.ottomane@nvestcom.com
Nvestcom
561 395 4581
charlotte.ottomane@nvestcom.com